Research analysts at Argus began coverage on shares of Airbnb (NASDAQ:ABNB – Get Rating) in a report issued on Tuesday, The Fly reports. The firm set a “hold” rating on the stock.
Other equities analysts have also recently issued reports about the stock. JMP Securities cut shares of Airbnb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 22nd. Citigroup cut their target price on shares of Airbnb from $200.00 to $160.00 and set a “buy” rating on the stock in a report on Thursday, July 14th. HSBC dropped their price objective on shares of Airbnb from $233.00 to $213.00 in a report on Wednesday, May 4th. The Goldman Sachs Group dropped their price objective on shares of Airbnb from $150.00 to $95.00 and set a “sell” rating on the stock in a report on Thursday, June 9th. Finally, Barclays lowered their price target on shares of Airbnb from $185.00 to $170.00 in a research note on Wednesday, May 4th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $177.87.
Airbnb Trading Up 0.9 %
Shares of ABNB stock opened at $104.95 on Tuesday. The firm has a market capitalization of $67.47 billion, a P/E ratio of 90.47, a price-to-earnings-growth ratio of 2.94 and a beta of 0.86. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.42. The firm’s fifty day simple moving average is $104.96 and its 200 day simple moving average is $138.54. Airbnb has a 1 year low of $86.71 and a 1 year high of $212.58.
Airbnb (NASDAQ:ABNB – Get Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.25. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. Airbnb had a net margin of 12.12% and a return on equity of 18.51%. The firm’s revenue for the quarter was up 70.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($1.75) EPS. As a group, sell-side analysts predict that Airbnb will post 1.9 EPS for the current year.
Insider Activity
In other news, insider Joseph Gebbia sold 15,525 shares of the firm’s stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $153.18, for a total value of $2,378,119.50. Following the completion of the transaction, the insider now directly owns 220,578 shares in the company, valued at $33,788,138.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Belinda J. Johnson sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $106.98, for a total value of $106,980.00. Following the sale, the director now directly owns 5,920 shares of the company’s stock, valued at $633,321.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph Gebbia sold 15,525 shares of the firm’s stock in a transaction that occurred on Wednesday, April 27th. The shares were sold at an average price of $153.18, for a total transaction of $2,378,119.50. Following the completion of the sale, the insider now directly owns 220,578 shares in the company, valued at $33,788,138.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 621,436 shares of company stock worth $64,072,822. 32.69% of the stock is owned by company insiders.
Institutional Investors Weigh In On Airbnb
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC raised its stake in Airbnb by 6.9% in the first quarter. Jennison Associates LLC now owns 15,345,417 shares of the company’s stock valued at $2,635,729,000 after purchasing an additional 996,378 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Airbnb by 23.4% during the first quarter. Capital Research Global Investors now owns 13,837,492 shares of the company’s stock worth $2,376,753,000 after acquiring an additional 2,627,359 shares in the last quarter. Polen Capital Management LLC raised its stake in shares of Airbnb by 30.5% during the first quarter. Polen Capital Management LLC now owns 12,953,525 shares of the company’s stock worth $2,224,897,000 after acquiring an additional 3,029,742 shares in the last quarter. BlackRock Inc. raised its stake in shares of Airbnb by 17.7% during the fourth quarter. BlackRock Inc. now owns 8,587,605 shares of the company’s stock worth $1,429,753,000 after acquiring an additional 1,292,367 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Airbnb by 29.3% during the fourth quarter. Renaissance Technologies LLC now owns 3,587,938 shares of the company’s stock worth $597,356,000 after acquiring an additional 813,738 shares in the last quarter. 34.66% of the stock is owned by hedge funds and other institutional investors.
Airbnb Company Profile
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.